RMS Updates Japanese Earthquake Cat Model

Risk Management Solutions, a provider of services for the management of catastrophe risk, has released RiskLink and RiskBrowser 5.1, the latest version of its catastrophe modeling systems. The new version includes a revised Japanese Earthquake model, incorporating new earthquake modeling methodologies and research, including data from Japanese National Seismic Hazard Maps published in March 2005.

“Our new Japanese Earthquake model allows insurers to more accurately model the vulnerability of individual locations to earthquake hazard in Japan and more successfully manage their entire portfolios,” said Craig Van Anne, CEO of OYO-RMS. “Working with our partner in Japan, OYO Corp., each component of the model, from the earthquake hazard data to the quantification of financial loss, has been updated using the latest scientific and market research.”